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A Full Percentage Point Rate Hike? Bitcoin Traders Size Up Fed’s Desperation on Inflation

Chances of a 100 basis point rate hike rose fast following Tuesday's CPI report.

Traders on the Chicago Mercantile Exchange started pricing in a 32% chance of a 100 basis point rate hike by the Federal Rate in September. (CME)
Traders on the Chicago Mercantile Exchange started pricing in a 32% chance of a 100 basis point rate hike by the Federal Rate in September. (CME)